September 29, 2016
Commitment to Safety, Low Loss Ratio Earn Members of TXOGA Safety Group $4.5 Million Dividend
AUSTIN, TX – Companies who are members of the Texas Oil and Gas Association’s Safety Group earned a $4.5 million dividend from Texas Mutual Insurance Company by making workplace safety a priority and keeping the group’s loss ratio low. Texas Mutual Insurance Company is a policyholder-owned company that recognizes policyholders’ successful safety records through dividends.
“Members of TXOGA’s Safety Group put workplace safety first and this $4.5 million dividend from Texas Mutual Insurance Company is a well-deserved testament to their safety record,” said Todd Staples, president of the Texas Oil and Gas Association.
Staples explained that many members of TXOGA join the Association’s Safety Group, which offers free workplace safety training and materials as well as discounted workers’ compensation premiums. The tools available to Texas oil and natural gas employers cover everything from driving safety, controlling struck-by incidents, chemical safety and general rig inspection resources. Employers craft policies and programs that fit their individual needs, according to Staples.
“Workplace safety can and should be part of every employer’s company culture. Safety is worth the investment. Every time,” said Staples. “The Texas oil and natural gas industry, along with partners like Texas Mutual, is setting a high bar when it comes to promoting workplace safety. We are proud to see plain evidence through this dividend that our members are encouraging safety among workers and actively mitigating accidents.”